The Board of Directors template is a part of the site admin templates provided directly from Microsoft here. This template is based off of a site template (.stp file) which can be installed by a SharePoint administrator by either uploading it into the Site Templates gallery or installing it globally using stsadm. The Board of Directors template was designed for the Business Management / Finance business area and the official description is described below:
The Board of Directors application template provides a single location for an external group of members to store and locate common documents such as quarterly reviews, shareholder meeting notes and annual strategy documents. The template also tracks tasks, issues and calendar items so board members have a single location to view information relevant to them.*
Lists:
Announcements – Normal announcements list
Board Events – A calendar list with two workflows attached and a custom DispForm.aspx page with multiple Data View web parts
Contact List – Normal contacts list
Discussion – Items are auto-created in here when a new board event is created
Links – Normal links list
Tasks – Has a meeting lookup field, also a Tasks view that points to the DispForm of a blank meeting
Document Libraries:
Board Information – Normal document library
Meeting Documents – Has a meeting lookup field, also a Meeting Documents view that points to the DispForm of a blank meeting
Meeting Minutes – Has a meeting lookup field, also a Meeting Minutes view that is points to the DispForm of a blank meeting, also a minutes document is auto-created when a board event item is created.
Workflows:
There are two SharePoint Designer workflows attached to the Board Events list when you create a site based off of this template
Create Meeting Minutes Workflow
The Create Meeting Minutes workflow is set to automatically start when an item is created in the Board Events list. It creates a new Word document with the name of the board event along with assigning the meeting lookup field, on the new document, back to the board event that started this workflow.
Create Discussion Workflow
The Create Discussion workflow is set to automatically start when an item is created in the Board Events list. It creates a new discussion thread with the name of the board event along with assigning the meeting lookup field, on the new discussion thread, back to the board event that started this workflow.
Board Events Display Form:
The Board Events display form contains multiple Data View web parts that display all Meeting Minutes, Meeting Documents, Discussions and Tasks associated with that meeting. The Data Views’ that reference document libraries have an extra link that brings you to the document libraries All Items view. The Discussion and Tasks Data Views’ have a custom link to create a new list item that is automatically tagged with that board event.

Home Page:
The default home page for the site contains List View web parts for the Announcements, Board Events, Links and Tasks lists. The Tasks list web part is set to the My Tasks view.
The quick launch, or current navigation, has nothing customized and only contains selected lists and libraries.

Installation recommendations:
If you are looking to create a site based off of the Board of Directors site template some of the custom views, that take you to a blank meeting, in the Meeting Documents library, Meeting Minutes library and Tasks list will easily confuse the target audience for this template.
There are also previous versions of the two custom workflows attached to the Board Events list, it would be good housekeeping to remove them.
The My Tasks web part on the home page also shows all of your tasks whether they are complete or not, you may want to only show the tasks that are no complete, or create a good procedure to clean out the tasks after a meeting has completed.
I would also change the view for the Links web part on the home page, it contains the type column that that isn’t needed.
*Description reference URL here
["Brian"]